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A Single Producer,whose Objective Is to Raise Total Revenue,would Reduce

Question 49

Multiple Choice

A single producer,whose objective is to raise total revenue,would reduce the price of its product if it is operating in the portion of the demand curve with price elasticity of demand equal to


A) 0.
B) 0.33
C) 0.033
D) 1.
E) 3.

Correct Answer:

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